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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi backs Virgin’s bid for 632 Lloyds bank branches

Posted on 12 September 2011

Abu Dhabi Investment Authority has been named as an investor backing Virgin Money in its bid for 632 branches of UK high street bank Lloyds, according to a report.
The emirate’s sovereign wealth fund, which has assets in excess of $600bn, could be the necessary ingredient to ensure Richard Branson’s company launches a successful tender, The Telegraphy daily said on Saturday……………………………………….Full Article: Source


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